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    ENR   DE000ENER6Y0

SIEMENS ENERGY AG

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Siemens Energy to replace Beiersdorf in Germany's DAX index

03/04/2021 | 02:11am EDT

* Index change to take place March 22

* Siemens Energy spun off from Siemens AG in 2020

* Shares have gained more than a third since listing

BERLIN, March 4 (Reuters) - Siemens Energy, which supplies turbines to the power industry, will replace Nivea manufacturer Beiersdorf in Germany's blue-chip DAX index from March 22, stock exchange operator Deutsche Boerse said.

Spun off from former parent Siemens AG last year, Siemens Energy, which also owns a 67% stake in wind turbine maker Siemens Gamesa, quickly joined Germany's midcap index after its listing in September.

Since the listing, Siemens Energy shares have gained more than a third, giving the company a market valuation of about 21.89 billion euros ($26.39 billion).

"The fact that we will become a DAX member so soon after our initial listing on the stock exchange is a great recognition of our company's proposition and the commitment of our employees," Siemens Energy Chief Executive Christian Bruch said.

"As a leading energy technology company, we want to actively shape the energy transition and grow profitably."

Beiersdorf will take Siemens Energy's place in the MDAX. ($1 = 0.8295 euros) (Reporting by Paul Carrel and Christoph Steitz; Editing by Thomas Escritt and Jane Merriman)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BEIERSDORF AG -0.82% 102.4 Delayed Quote.8.43%
DAX 1.00% 15603.24 Delayed Quote.13.74%
DEUTSCHE BÖRSE AG 2.04% 147.9 Delayed Quote.6.21%
MDAX 0.52% 34198.71 Delayed Quote.11.05%
SIEMENS AG 2.09% 136.5 Delayed Quote.16.15%
SIEMENS ENERGY AG -0.51% 25.5 Delayed Quote.-15.79%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. 0.83% 26.61 Delayed Quote.-19.58%
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Financials
Sales 2021 28 911 M 34 427 M 34 427 M
Net income 2021 -5,80 M -6,90 M -6,90 M
Net cash 2021 2 151 M 2 561 M 2 561 M
P/E ratio 2021 -3 829x
Yield 2021 0,73%
Capitalization 18 098 M 21 560 M 21 550 M
EV / Sales 2021 0,55x
EV / Sales 2022 0,50x
Nbr of Employees 93 000
Free-Float 53,3%
Chart SIEMENS ENERGY AG
Duration : Period :
Siemens Energy AG Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 35,98 €
Last Close Price 25,50 €
Spread / Highest target 68,6%
Spread / Average Target 41,1%
Spread / Lowest Target 13,7%
EPS Revisions
Managers and Directors
NameTitle
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial & Diversity Officer
Josef Kaeser Chairman-Supervisory Board
Günter Augustat Member-Supervisory Board
Manfred Bäreis Member-Supervisory Board
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